WHY: New York, NY - (NewMediaWire) - August 06, 2023 - Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of NatWest Group plc (NYSE: NWG) resulting from allegations that NatWest Group may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased NatWest Group securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=17876 call Phillip Kim, Esq. toll-free at 866-767-3653 or email email@example.com or firstname.lastname@example.org for information on the class action.
WHAT IS THIS ABOUT: On July 26, 2023, NatWest Chief Executive Officer ("CEO") Alison Rose resigned from that role after acknowledging a "serious error of judgment" in discussing former Brexit party leader Nigel Farage's relationship with Coutts, a NatWest-owned private bank, with a BBC journalist. Although CEO Rose initially informed the BBC that Coutts had closed Farage's account because he was not a profitable customer, Farage subsequently obtained a 40-page document setting forth Coutts' view that association with Farage created "significant reputational risks" for the bank, citing Farage's "xenophobic and racist" political views and the widespread perception of Farage as "a disingenuous grifter." Following Rose's resignation, NatWest's American Depositary Receipt price fell sharply, damaging investors.
On this news, NatWest Group’s American Depositary Receipts (“ADRs”) fell by $0.17 or 2.67%, to close at $6.19 on July 27, 2023.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827